Lloyds Mis-Selling Hit Knocks Share Sale Hopes
It's already taken the biggest hit in the so-called PPI scandal. And now Lloyds has had to set aside another 1.5 billion pounds in compensation for mis-selling payment protection insurance. The bank's total bill is now expected to be 6.8 billion pounds. All the UK's major banks have mis-sold. And together Lloyds, Barclays, RBS and HSBC have set aside more than 14 billion pounds for compensation. Some say that could go even higher - possibly topping 25 billion.
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